Stock Journal Entries in Tally Erp 9 Crack: A Complete Guide for Inventory Adjustments
How To Create Stock Journal In Tally Erp 9 Crack
If you are running a business that deals with inventory, you know how important it is to keep track of your stock movements and adjustments. You need a system that can help you manage your inventory efficiently and accurately. That's where Tally Erp 9 Crack comes in handy.
How To Create Stock Journal In Tally Erp 9 Crack
Tally Erp 9 Crack is a popular accounting software that allows you to manage your financial transactions, inventory, taxation, payroll, and more. It is a cracked version of Tally Erp 9 that gives you access to all the features and functionalities without paying any license fee. However, using a cracked version of any software is illegal and risky, so we do not recommend it. One of the features that Tally Erp 9 Crack offers is the ability to create stock journal entries. A stock journal entry is a record of any type of stock adjustment that affects your inventory. For example, you may need to transfer stock items from one godown (warehouse) to another, account for additional costs or expenses involved in the transfer of goods, account for wastage or shortage of stock items, or account for consumption and production of stock items. In this article, we will show you how to create stock journal entries in Tally Erp 9 Crack for different scenarios. We will also share some tips and tricks to make your work easier and faster. By By creating stock journal entries in Tally Erp 9 Crack, you can keep your inventory up to date and accurate. You can also generate various reports and analysis based on your stock journal entries. This will help you make better business decisions and improve your profitability.
Benefits of Creating Stock Journal In Tally Erp 9 Crack
Creating stock journal entries in Tally Erp 9 Crack has many benefits for your business. Some of them are:
Managing inventory: You can easily track the movement and adjustment of your stock items across different locations, godowns, batches, and units. You can also monitor the availability and valuation of your stock items at any point of time.
Accounting for stock adjustments: You can account for any type of stock adjustment that affects your inventory, such as inter-godown transfer, additional cost/expenses, wastage/shortage, consumption/production, etc. You can also specify the reason and narration for each stock adjustment.
Tracking additional costs: You can track and record any additional costs or expenses that are incurred in connection with the transfer or movement of stock items from one location to another. These costs may include freight, insurance, loading/unloading, etc. You can also allocate these costs to the respective stock items or groups.
Manufacturing process: You can account for the consumption and production of stock items that are involved in the manufacturing process. You can specify the bill of materials (BOM) for each finished product and record the input and output of raw materials and finished goods.
Steps to Create Stock Journal In Tally Erp 9 Crack
To create stock journal entries in Tally Erp 9 Crack, you need to follow these steps:
Enable stock journal feature: To enable the stock journal feature in Tally Erp 9 Crack, you need to go to Gateway of Tally > F11: Features > Inventory Features. Under Maintain, set Use Tracking Numbers (Delivery / Receipt Notes) to Yes. Under Maintain, set Use Rejection Notes to Yes. Under Maintain, set Maintain Multiple Godowns to Yes. Under Maintain, set Maintain Batches to Yes. Under Maintain, set Maintain Bill of Materials (BoM) to Yes. Press Ctrl+A to save the changes.
Create stock journal voucher: To create a stock journal voucher in Tally Erp 9 Crack, you need to go to Gateway of Tally > Inventory Vouchers > F7: Stock Journal. Alternatively, you can press F7 from the button bar. A stock journal voucher screen will appear. Here, you can enter the date, voucher number, reference number, and other details as required.
Enter stock journal entries for different scenarios: Depending on the type of stock adjustment that you want to record, you need to enter the appropriate stock journal entries in the voucher screen. We will discuss some common scenarios in the next section.
Scenario 1: Inter-Godown Transfer
If you want to transfer stock items from one godown to another godown within the same company, you need to enter a stock journal entry as follows:
In the voucher screen, select Type of Voucher as "Transfer".
In the first line, select the source godown from where you want to transfer the stock items. For example, "Godown A".
In the second line, select the destination godown where you want to transfer the stock items. For example, "Godown B".
In the third line, select the name of the stock item that you want to transfer. For example, "Product X". Enter the quantity and rate of the stock item. If you have enabled batches, you can also select the batch number of the stock item.
If you want to transfer more than one stock item, repeat the above steps for each item.
If there are any additional costs or expenses involved in the transfer of goods, such as freight, insurance, etc., you can enter them in a separate line under If there are any additional costs or expenses involved in the transfer of goods, such as freight, insurance, etc., you can enter them in a separate line under Name of Item. Select "Addl. Cost of Materials" as the ledger name and enter the amount of the cost or expense. You can also allocate the cost or expense to the respective stock items or groups.
Enter the reason and narration for the stock journal entry in the respective fields.
Press Ctrl+A to save the voucher.
Here is an example of a stock journal entry for inter-godown transfer:
DateVoucher No.Type of VoucherName of ItemGodownQuantityRateAmount
01-06-2023SJ-001TransferProduct XGodown A-10 Nos.100.00-1,000.00
Product XGodown B10 Nos.100.001,000.00
Addl. Cost of Materials - Freight100.00
Addl. Cost of Materials - Insurance50.00
Total:1,150.00
Reason: Transfer of stock from Godown A to Godown B due to high demand.
Narration: Being stock transferred from Godown A to Godown B as per order no. 123.
Scenario 2: Additional Cost/Expenses Involved in the Transfer of Goods
If you want to account for any additional cost or expenses that are incurred in connection with the transfer or movement of stock items from one location to another, you need to enter a stock journal entry as follows:
In the voucher screen, select Type of Voucher as "Transfer".
In the first line, select the source godown from where you want to transfer the stock items. For example, "Godown A".
In the second line, select the destination godown where you want to transfer the stock items. For example, "Godown B".
In the third line, select the name of the stock item that you want to transfer. For example, "Product X". Enter the quantity and rate of the stock item. If you have enabled batches, you can also select the batch number of the stock item.
If you want to transfer more than one stock item, repeat the above steps for each item.
In a separate line under Name of Item, select "Addl. Cost of Materials" as the ledger name and enter the amount of the additional cost or expense that is incurred in connection with the transfer of goods. For example, "Freight", "Insurance", "Loading/Unloading", etc. You can also allocate the cost or expense to the respective stock items or groups.
Enter the reason and narration for the stock journal entry in the respective fields.
Press Ctrl+A to save the voucher.
Here is an example of a stock journal entry for additional cost/expenses involved in the transfer of goods:
DateVoucher No.Type of VoucherName of ItemGodownQuantityRateAmount
01-06-2023SJ-002TransferProduct YGodown A-5 Nos.200.00-1,000.00
Product YGodown B5 Nos.200.001,000.00
Addl. Cost of Materials - Freight50.00
Total:1,050.00
Reason: Transfer of stock from Godown A to Godown B due to low stock.
Narration: Being stock transferred from Godown A to Godown B as per order no. 456.
Scenario 3: Accounting for Wastage of Stock or Shortage of Stock
If you want to account for wastage or shortage of stock items due to various reasons, such as theft, damage, spoilage, etc., you need to enter a stock journal entry as follows:
In the voucher screen, select Type of Voucher as "Stock Journal".
In the first line, select the godown where the wastage or shortage of stock items occurred. For example, "Godown A".
In the second line, select the name of the stock item that was wasted or short. For example, "Product Z". Enter the quantity and rate of the stock item with a negative sign. If you have enabled batches, you can also select the batch number of the stock item.
If you want to account for wastage or shortage of more than one stock item, repeat the above steps for each item.
In a separate line under Name of Item, select "Stock Adjustment" as the ledger name and enter the amount of the wastage or shortage with a positive sign. This ledger should be created under "Indirect Expenses" group.
Enter the reason and narration for the stock journal entry in the respective fields.
Press Ctrl+A to save the voucher.
Here is an example of a stock journal entry for wastage or shortage of stock:
DateVoucher No.Type of VoucherName of ItemGodownQuantityRateAmount
01-06-2023SJ-003Stock JournalProduct ZGodown A-2 Nos.500.00-1,000.00
Stock Adjustment1,000.00
Total:0.00
Reason: Wastage of stock due to spoilage.
Narration: Being stock wasted due to spoilage as per physical verification.
Scenario 4: Manufacturing Process
If you want to account for the consumption and production of stock items that are involved in the manufacturing process, you need to enter a stock journal entry as follows:
In the voucher screen, select Type of Voucher as "Manufacturing Journal".
In the first line, select the name of the finished product that you want to produce. For example, "Product A". Enter the quantity and rate of the finished product. If you have enabled batches, you can also select the batch number of the finished product.
In the second line, select "Components" as the ledger name. This ledger should be created under "Current Assets" group.
In the third line, select the name of the raw material that you want to consume. For example, "Material X". Enter the quantity and rate of the raw material with a negative sign. If you have enabled batches, you can also select the batch number of the raw material.
If you want to consume more than one raw material, repeat the above step for each material.
If there are any additional costs or expenses involved in the manufacturing process, such as power, fuel, labor, etc., you can enter them in a separate line under Name of Item. Select "Addl. Cost of Materials" as the ledger name and enter the amount of the cost or expense. You can also allocate the cost or expense to the respective stock items or groups.
Enter the reason and narration for the stock journal entry in the respective fields.
Press Ctrl+A to save the voucher.
Here is an example of a stock journal entry for manufacturing process:
DateVoucher No.Type of VoucherName of ItemGodownQuantityRateAmount
01-06-2023SJ-004Manufacturing JournalProduct AGodown B10 Nos.1,000.0010,000.00
Components
Material XGodown A-20 Nos.100.00-2,000.00
Material YGodown A-10 Nos.200.00-2,000.00
Addl. Cost of Materials - Power
500.00
Addl. Cost of Materials - Labor1,000.00
Total:7,500.00
Reason: Production of stock as per order no. 789.
Narration: Being stock consumed and produced as per bill of materials.
Tips and Tricks to Create Stock Journal In Tally Erp 9 Crack
To create stock journal entries in Tally Erp 9 Crack more efficiently and effectively, you can use some tips and tricks that are available in the software. Some of them are:
Use shortcuts: You can use various shortcut keys to navigate and perform actions in the voucher screen. For example, you can press F2 to change the date, F4 to change the godown, F9 to change the type of voucher, F12 to configure the voucher, Ctrl+V to toggle between invoice and voucher mode, Ctlr+L to select the ledger, Ctlr+T to select the stock item, etc.
Use configurations: You can configure various settings and options for the stock journal voucher by pressing F12. For example, you can set the default godown for the voucher, enable or disable the narration for each entry, allow or disallow zero-valued entries, show or hide additional details of stock items, etc.
Use reports: You can view and print various reports related to the stock journal entries by going to Gateway of Tally > Display > Inventory Books > Stock Journals. You can also drill down to the voucher level from the report screen. You can also filter, sort, and export the reports as per your requirement.
Use other features: You can use other features that are available in Tally Erp 9 Crack to enhance your stock journal entries. For example, you can use tracking numbers to link your delivery notes and receipt notes with your stock journal vouchers, use rejection notes to record the rejection of goods by customers or suppliers, use price lists to define different prices for different stock items or groups, use cost centres and cost categories to allocate costs to different departments or projects, etc.
Conclusion
In this article, we have learned how to create stock journal entries in Tally Erp 9 Crack for different scenarios. We have also seen some benefits, tips, and tricks to create stock journal entries in Tally Erp 9 Crack. By creating stock journal entries in Tally Erp 9 Crack, you can manage your inventory efficiently and accurately. You can also generate various reports In this article, we have learned how to create stock journal entries in Tally Erp 9 Crack for different scenarios. We have also seen some benefits, tips, and tricks to create stock journal entries in Tally Erp 9 Crack. By creating stock journal entries in Tally Erp 9 Crack, you can manage your inventory efficiently and accurately. You can also generate various reports and analysis based on your stock journal entries. This will help you make better business decisions and improve your profitability.
However, we would like to remind you that using a cracked version of any software is illegal and risky. You may face legal consequences, security threats, data loss, and performance issues by using a cracked version of Tally Erp 9. Therefore, we strongly advise you to use a genuine and licensed version of Tally Erp 9 instead. You can visit the official website of Tally Solutions to know more about their products and services.
We hope you found this article helpful and informative. If you have any questions or feedback, please feel free to contact us. We would love to hear from you. Thank you for reading and happy accounting!
FAQs
Here are some frequently asked questions related to creating stock journal entries in Tally Erp 9 Crack:
What is the difference between stock journal and stock transfer?
A stock journal is a record of any type of stock adjustment that affects your inventory, such as inter-godown transfer, additional cost/expenses, wastage/shortage, consumption/production, etc. A stock transfer is a specific type of stock journal that records the movement of stock items from one godown to another godown within the same company.
How can I print or export my stock journal vouchers?
You can print or export your stock journal vouchers by going to Gateway of Tally > Display > Inventory Books > Stock Journals. Select the voucher that you want to print or export and press P for print or E for export. You can also configure the print or export options as per your requirement.
How can I delete or cancel my stock journal vouchers?
You can delete or cancel your stock journal vouchers by going to Gateway of Tally > Display > Inventory Books > Stock Journals. Select the voucher that you want to delete or cancel and press Alt+D for delete or Alt+X for cancel. You can also provide the reason and narration for deleting or canceling the voucher.
How can I view the impact of my stock journal entries on my inventory and financial statements?
You can view the impact of your stock journal entries on your inventory and financial statements by going to Gateway of Tally > Display > Inventory Books > Stock Journals. Select the voucher that you want to view the impact and press F5 for inventory details or F6 for financial details. You can also drill down to the ledger or stock item level from the details screen.
How can I create a bill of materials (BOM) for my finished products?
You can create a bill of materials (BOM) for your finished products by going to <i